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If you are switching jobs:
"I'm leaving the business" is a phrase that requires a lot of courage. When pronounced at the incorrect time or in the wrong way, it can have a very negative impact on your career. You may get a job offer with another business where the pay out is higher, but you are still not sure if that ongoing work environment will be better then the current one. After all, it isn't all about the money. Imagine if you later change your brain? After all, this is not an easy decision. Of course your boss can forgive you and take you back, but it isn't guaranteed.
